Loan Forms

As you obtain your commercial mortgage up to $5M, lenders will use a variety of forms to understand your borrowing needs, credit, and intentions with the property. Below are descriptions and/or templates of some of the forms and documents you will encounter throughout the process of choosing and closing your loan.

Cash flowA cash flow statement shows how changes in balance sheet accounts and income affect cash and cash equivalents. It also breaks the analysis down to the operating, investing, and financing activities or you (the Borrower) or your business.

Rent rollThe rent roll provides a snapshot of the recurring revenue coming into the property through rent payments every month. The rent roll will state the start and end date of each tenant’s obligation to pay rent, per the terms of their leases. It will also include key data points such as market rate of the units rented (versus what is actually paid), amounts of tenant deposits, who is behind on rent, and so on.

ApplicationYour application form will require you to provide personal information (name, address, etc.) as well as information on the amount of capital requested, desired loan term requested, the purpose of the mortgage, and more.

Term SheetOnce the lender has completed underwriting, you will receive a term sheet – also known as a conditional commitment letter, a proposal letter or a good faith letter – providing a good faith estimate of the eventual loan terms. A term sheet is not a binding legal agreement, but generally means that the loan is going to be approved once the property appraises for the appropriate value.

Disclaimer

The information provided herein is intended for business users only, and is not intended for use by the general public or individual consumers. Programs may be cancelled or modified at any time without prior notice. Programs may not be available in all jurisdictions. These materials are intended to provide general information to the reader. This information is made available with the understanding that Commercial Direct, a division of Silver Hill Funding, LLC, is not engaged in rendering legal, accounting, or other professional services. We use reasonable care in providing information but cannot guarantee accuracy or completeness. Information is provided with no warranty, express or implied, any and all such warranties are expressly disclaimed. We assume no liability for any loss, damage, or expense from errors or omissions in these materials, whether arising in contract, tort, or otherwise.